Kimball Electronics (KE) CCO Kathy Thomson Exercises Options, Receives Shares

What Happened Kathy R. Thomson, Chief Commercial Officer of Kimball Electronics (KE), had restricted and performance-based shares vest on August 24, 2026 and converted previously granted derivative awards into common shares. The filing shows a conversion/exercise of 10,486 restricted/derivative units and grant/vesting of 3,874 performance shares (both acquired at $0), plus an additional grant/derivative entry of 13,531 shares. To satisfy tax obligations, 6,743 shares were withheld/disposed at $22.73 per share, generating $153,235. These transactions reflect vesting and conversion activity rather than an open‑market purchase or a voluntary sell for investment reasons.

Key Details

• Transaction date(s): August 24, 2026; Form filed August 26, 2026 (timely).
• Acquisitions: exercise/conversion of 10,486 shares (derivative) and vesting/award of 3,874 performance shares (both reported as acquired at $0).
• Tax withholding/disposition: 6,743 shares disposed/withheld at $22.73 for $153,235 (code F — tax withholding).
• Additional derivative/grant line: 13,531 shares reported as acquired (see footnotes for vesting breakdown).
• Post-transaction holdings: not explicitly stated in the filing.
• Notable footnotes: performance shares vested upon committee certification (F1); shares withheld to satisfy tax obligations (F2); 10,486 restricted shares vested (F3); remaining restricted shares vest in Aug 2027–2029 in scheduled tranches (F4, F7); restricted shares expire on termination except for death, disability, or retirement (F5).

Context This was primarily a vesting/exercise and tax-withholding event — common compensation mechanics for executives. The disposal shown (6,743 shares) was to cover tax liabilities (a cashless/withholding action), not an open-market sale expressing a view on the stock. No late filing was indicated.